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INVESTMENT SNAPSHOT
About this property
PRIME METHUEN MULTIFAMILY INVESTMENT OPPORTUNITY! Discover this exceptional five-unit property ideally located near major highways, shopping, and everyday amenities. Each unit was thoughtfully renovated before tenant occupancy, featuring updated finishes, stainless steel appliances, and granite countertops. This property offers dedicated off-street parking lot for tenant convenience, while separately metered heat and electricity help support efficient ownership and operating expenses. A rare opportunity to acquire a well-positioned, income-producing asset in a desirable Methuen location. Buyer and Buyer's agent to conduct their own due diligence and verify all information associated with the property. Offer Deadline: Seller is asking for all offers by Monday 09/07/2026 by 3:00pm
Property details
| Units | 5 |
| Living area | 5,306 sqft |
| Lot size | 23,204 sqft |
| Year built | 1890 |
| Price / sqft | $226 |
| County | Essex |
| MLS # | 73569939 |
Listing status
| Days on market | 7 days |
| Listed on | August 30, 2026 |
Taxes & financials
| Annual property tax | $11,241 |
| Tax year | 2026 |
| Assessed value | $1,080,900 |
| Zoning | RD |
| Gross income (actual) | $134,700/yr |
| Net operating income (actual) | $111,730/yr |
| Total actual rent | $8,825/mo |
| Electric expense | $1,100/yr |
| Insurance expense | $11,370/yr |
Building & lot
| Stories | 7 |
| Total rooms | 23 |
| Lot size | 0.53 acres |
| Garage spaces | 0 |
| Parking spaces | 13 |
| Parking | Paved Drive, Off Street, Assigned, Paved |
| Basement | Walk-Out Access |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Hardwood |
Utilities & systems
| Heating | Hot Water, Natural Gas, Unit Control, Electric, Individual, Forced Air |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Microwave, Refrigerator |
Location
More about investing in Methuen →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 40-44 Forest St, Methuen MA 01844 have?
It is a 5-unit multi-family property with 5,306 sqft of living area, built in 1890.
How long has 40-44 Forest St, Methuen MA 01844 been on the market?
40-44 Forest St, Methuen MA 01844 has been listed for 7 days (since August 30, 2026).
What is the price per unit?
At a list price of $1,200,000 across 5 units, that works out to roughly $240,000 per unit.
What are the property taxes on 40-44 Forest St, Methuen MA 01844?
Annual property taxes are $11,241 (2026), on an assessed value of $1,080,900.
What is the price per square foot?
At $1,200,000 for 5,306 sqft, that's about $226 per square foot.
Is there parking?
13 total parking spaces (paved drive, off street, assigned, paved).
Where is this property located?
40-44 Forest St, Methuen MA 01844 is in Methuen, Essex County, MA 01844.
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